So, you are going through a divorce. You have unwanted real estate you want or need to sell. This article is for you with details on what you need to know about selling your house while divorcing in Suffolk…
When you are going through a difficult time such as divorce, it’s important to try to have a clear head. If you need help – get it. You can always reach out to us to learn about your options. We will prescribe the most efficient way for you regarding your real estate in Suffolk.
Houses In Divorce Can Be Complicated
If you deal with liquid assets, such as money, those are easier to split than real estate. Unless of the of the spouses can keep the whole house, then the question becomes how to split it. The best way is to turn it into a liquid asset by selling it. We know that in some cases even if they could, the divorcing couple will prefer to sell the house to make sure that they also part with their memories. We know that some of those may be great, but in light of a divorce, sometimes selling the house is the best way to liquidate and split proceeds.
We know that in some cases one of the parties may get the house, but if all assets need to be split in half, it’s much easier to sell the house (and/or land too).
Here’s How To Split The Real Estate Asset
So, once a decision is made to sell the house, the two parties must agree on the split for the proceeds, such as 50/50 or another ratio. It may be best if an attorney helps with this process to establish the rules if there is a communication challenge between the divorcing parties. Same percentage for the split would probably also apply for all things in the house that must be sold and the expenses too, such as mortgage owed, utilities, etc. Of course, if one party had some specialized items they purchased that may have to go with that person, but this is all about agreement between the two parties.
Now we get to the main part, how do you sell a house during a divorce, and how do you do it if it needs to be done fairly fast?
The Fastest Way To Sell A Divorce House
Most people think that a house is always sold by contacting a real estate agent. Well, there are some caveats with this method in your situation:
- when an agent lists the house, it may take months to sell it (as it is also in our areas of Hampton Roads); sometimes 3-6 months;
- the agent will probably recommend cleaning, staging, and rehabbing the house (at least to a some degree); but who will arrange and pay for this?
- when you sell a house the traditional way, there is a lot of paperwork that has to be shuffled, reviewed and prepared and that is not easy to do when the divorcing parties have issues even communicating with each other.
So, the aforementioned way of selling the house may make the divorce proceedings longer and more complicated.
The good news is, there is another way to sell your property. You could sell it for cash to a home buyer investor, like Coastal Edge Homebuyers. This is what we specialize in. We buy with cash, in any condition, as is. Better yet, we can do a very quick closing – sometimes in as little as 7-10 days, or you can choose a desired closing date. You don’t have to do any cleaning, repairs, staging, rehabbing or anything else, just sell it as is.
We know that when you are going through a divorce you don’t want to deal with extra complications and prolonged processes to sell a real estate property. You just want to be done with asap and move on with your life. We understand this and we know exactly how to make this process painless and easy for you, with a quick closing and simpler paperwork. We can help you get this done fast and move on. We specialize in this and we can offer you a hassle free process because we know you would appreciate it. Contact us today.
Click here to enter your information or call our office at +1 (757) 414-7117 to tell us about your property